Annual Report -- [X] Reg. S-K Item 405 · Form 10-K
Filing Table of Contents
Document/Exhibit Description Pages Size
1: 10-K405 Transcontinental Gas Pipe Line Corp. - Form 10-K 80 362K
2: EX-3.2 By-Laws of Transco, as Amended & Restated 05/02/95 15 62K
3: EX-4.7 Non-Committal Loan Facility Lettter-Fuji Bank, Ltd 10 41K
4: EX-4.8 Uncommitted Short Term Money Market Facility 5 22K
5: EX-4.9 Uncommitted Short Term Funding Facility 4 16K
6: EX-27 Financial Data Schedule 1 7K
EX-4.8 · Uncommitted Short Term Money Market Facility
Exhibit Table of Contents
EXHIBIT (4)-8
[FIRST INTERSTATE BANK LOGO] First Interstate Bank
of California
707 Wilshire Blvd.
Los Angeles, CA 90017
September 20,1995
Mr. Nick A. Bacile
Vice President Finance and Controller
Transcontinental Gas Pipe Line Corporation
2800 Post Oak Boulevard
Houston, TX 77251-1396
Attention: Nick A. Bacile - Vice President Finance and Controller
Dear Nick:
I am pleased to advise you that First Interstate Bank of California ("FICAL")
has approved for use by Transcontinental Gas Pipe Line Corporation an
uncommitted short term money market facility in the principal amount of up to
twenty-five million dollars ($25,000,000), subject to the following terms and
conditions:
BORROWER: Transcontinental Gas Pipe Line Corporation ("BORROWER")
PRINCIPAL
AMOUNT: Up to dollars twenty-five million ($25,000,000).
Advances under this facility shall be made in
multiples of one million dollars ($1,000,000) up to an
aggregate of $25,000,000 outstanding at any one time.
FICAL shall not have any commitment or obligation to
make any advances and each advance will be made only,
in FICAL's sole discretion.
INTEREST
RATE: A fixed rate of interest as quoted by FICAL on the
date of each advance.
TERM OF
ADVANCE: As mutually agreed by FICAL and BORROWER at the time
of each advance provided that no advance shall have a
term exceeding ninety (90) days and no advance shall
mature after May 31, 1996. Principal and interest of
each advance shall be payable at the maturity of each
advance. FICAL shall have the option of assigning or
selling participations in any advances.
PURPOSE: For general corporate purposes, including working
capital requirements.
EFFECTIVE DATE: September 20, 1995.
TERMINATION
DATE: At any time upon written notice by either BORROWER or
FICAL, provided, however, that such termination shall
not affect any advance outstanding at the time of
termination. In any event, this line of credit will
expire no later than February 28, 1996.
September 20, 1995
Page 2
DOCUMENTATION: 1. Note as enclosed.
2. Supporting documentation, including Board
Resolution, Certificate of Incumbency and
Authorized Signatures.
OTHER TERMS: 1. Continued maintenance of a financial
conditional satisfactory to FICAL.
2. Provision in a timely manner to FICAL of
quarterly, unaudited financial statements and
an audited fiscal year-end report certified
by a nationally recognized accounting firm.
Provision of 10-Q and 10-K reports as
available.
WIRE
INSTRUCTIONS: FICAL will wire monies to the following instructions
only. Any changes must by communicated to FICAL in
writing and signed by an authorized signer.
Bank Name : Citibank, N. A.
-------------------------------------
ABA Number : 021000089
-------------------------------------
Credit To : Transcontinental Gas Pipe Line Corp.
-------------------------------------
Account Number : 38490818
-------------------------------------
Reference : FICAL Proceeds
-------------------------------------
COMMITMENT
FEE: It is understood that this facility does not
constitute a commitment by FICAL to lend at any time
and that an advance hereunder shall be at FICAL's
sole discretion. Accordingly, no commitment fee will
be payable to FICAL.
If the above terms and conditions are acceptable to you, please indicate by
signing and returning the enclosed copy of this letter and the original note.
We sincerely appreciate the opportunity to provide you with this competitive
source of short-term funding and look forward to your active use of this
facility.
FIRST INTERSTATE BANK 0F CALIFORNIA
By: /s/ WILLIAM J. BAIRD
-----------------------------------
William J. Baird
Senior Vice President
Accepted By:
Transcontinental Gas Pipe Line Corporation
By: /s/ NICK A. BACILE
-----------------------------------
Nick A. Bacile
--------------------------------------
Name
Vice President & Controller
--------------------------------------
Title
NOTE
$25,000,000 September 20, 1995
For value received, the undersigned, Transcontinental Gas Pipe Line
Corporation ("Borrower"), hereby promises to pay to the order of FIRST
INTERSTATE BANK OF CALIFORNIA ("Bank"), in immediately available funds at 707
Wilshire Boulevard, Los Angeles, California, the principal sum of twenty-five
million dollars ($25,000,000) or so much thereof as may be outstanding
hereunder, whichever is less, together with interest from the date of each
advance on the daily unpaid principal balance of said advance. Each advance
hereunder shall be repaid on the date mutually agreed by Company and Bank at
the time of making such advance, together with interest thereon at the rate per
annum mutually agreed by Company and Bank at the time of making of such
advance, provided that all principal and interest outstanding on February 28,
1996 shall be due and payable on such date.
Bank shall not be obligated to make any advance hereunder and any
advances will be made solely in Bank's discretion.
Interest on each advance hereunder shall be computed on the basis of a
year of 360 days for the actual number of days elapsed. Any amount of principal
not paid when due hereunder shall thereafter bear interest at a rate per annum
equal to 1% in excess of the rate announced by Bank from time to time as its
"Prime" rate. Interest not paid when due shall thereafter bear like interest as
the principal.
In the event any advance hereunder is prepaid prior to the maturity
date agreed upon for that advance, the Company shall reimburse the Bank on
demand for any loss incurred by the Bank as a result of such prepayment,
including any loss of income resulting from Bank's reinvestment or reemployment
of the amount prepaid at a rate which is less than the interest rate agreed
upon for such advance.
Bank is authorized to record on the schedule attached to and made a
part of this Note (a) the date, amount, maturity date and rate of interest
agreed upon by Bank and Company with respect to each advance and (b) all
payments received by Bank hereunder. Such schedule shall be prima facie
evidence of the matters so recorded, provided that Bank's failure to make any
such entries shall not affect Company's obligations hereunder.
Company hereby waives diligence, presentment, demand, protest and
notice of any kind whatsoever. Company promises to pay costs of collection and
reasonable attorneys' fees if default is made in the payment of this Note. The
right to plead any and all statutes of limitation as a defense to this Note or
to any agreement to pay the same, is hereby expressly waived by the undersigned
to the full extent permitted by law.
In the event of nonpayment when due of principal of or interest on
this Note, the whole amount of principal and interest shall, at the option of
the holder of this Note, become immediately, due and payable without diligence,
demand, presentment, protest or notice of any kind whatsoever.
Advances under this Note may be requested, and the interest rate
quoted by the Bank agreed to, by any authorized officer of the undersigned. The
undersigned hereby authorizes the Bank to rely upon the telephonic or written
instruction of any person identifying himself or herself as an authorized
officer of the undersigned without any obligation on the part of the Bank to
confirm the identity or authority of such persons.
This Note shall be governed by and construed under the laws of the
State of California.
IN WITNESS WHEREOF, the undersigned has caused this Note to be
executed by its officer or officers thereunto duly authorized and directed by
appropriate corporate authority.
Transcontinental Gas Pipe Line Corporation
------------------------------------------
Company Name
By: /s/ NICK A. BACILE
---------------------------------------
Nick A. Bacile
------------------------------------------
Name
Vice President Finance & Controller
------------------------------------------
Title
SCHEDULE TO NOTE OF TRANSCONTINENTAL GAS PIPE LINE CORPORATION
DATED SEPTEMBER 20,1995
· Download Table
Principal Maturity Principal Interest Paid
Date of Amount of Date of Amount Amount Through Principal Notation
Advance Advance Advance Paid Paid Date Balance Made By
------- ------- ------- ---- ---- ---- ------- -------
Dates Referenced Herein and Documents Incorporated By Reference
| Referenced-On Page |
|---|
| This 10-K405 Filing | | Date | | First | | Last | | | Other Filings |
|---|
| |  |
| | 9/20/95 | | 1 | | 3 |
| For The Period Ended | | 12/31/95 |
| | 2/28/96 | | 1 | | 3 |
| Filed On / Filed As Of | | 3/28/96 |
| | 5/31/96 | | 1 |
| |
| Top | | List All Filings |
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